November 4, 2011
Quit your bank and join a credit union
November 5, 2011 is Bank Transfer Day and your opportunity to show your free market savoir faire by taking your money from Bank of America, Wells Fargo, J.P. Morgan Chase, and Citibank and moving it to a credit union where it won’t be used to destroy the economy, undermine Wall Street reform and workers’ rights, and line the already-gilded pockets of CEOs.
Learn more about Bank Transfer Day at http://banktransferday.org/.
Since Bank of America announced on September 29 that it would start charging customers $5 a month to use their debit cards – a fee they have since rescinded, the Credit Union National Association reports that 650,000 Americans have moved their money and joined credit unions. For perspective, that’s more than the 600,000 who joined credit unions in all of 2010.
“These results indicate that consumers are clearly making a smarter choice by moving to credit unions where, on average, they will save about $70 a year in fewer or no fees, lower rates on loans and higher return on savings,” said CUNA President Bill Cheney.
Declare your independence from the mega-banks! Click here to find a credit union.
“If you don’t believe in a company’s practices or feel that a company’s practices are unethical, then very simply you should not have money with that company,” Bank Transfer Day founder Kristen Christian told Newsweek.
Money speaks louder than words. Let’s make sure bankers everywhere always remember the 5th of November as the day the Other 99% put their money where their mouths are and told the big banks, “We’ll no longer pay you to fight us.”
Over 70,000 Facebook users have pledged to ‘attend’ Bank Transfer Day. Click here to join the cause.